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Category: Business

Business Economy headline

Reps jerk up 2024 budget from ₦28.7tn to ₦35.5tn

Iheanyi Ejiofor July 23, 2024 No Comments #2024 budget#Reps

Our reporter/ The House of Representatives on Tuesday passed the amended 2024 budget at ₦35.5tn, showing an increase from the ₦28.7tn initial budget. The amendment sought by President Bola Tinubu…

Read More Reps jerk up 2024 budget from ₦28.7tn to ₦35.5tn
Business Economy headline

Senate, Reps hurriedly passes ₦70,000 minimum wage bill

Iheanyi Ejiofor July 23, 2024 No Comments #Minimum wage#NASS#Reps#Senate

Our reporter/ The Senate and the House of Representatives on Tuesday hurriedly passed the National Minimum Wage Act 2019 (Amendment Bill). The bill, which scaled second and third readings at…

Read More Senate, Reps hurriedly passes ₦70,000 minimum wage bill
Business Economy headline

CBN raises interest rate to 26.75%

Iheanyi Ejiofor July 23, 2024 No Comments #Cardoso#CBN#inflation#interest rate#soaring prices

Our reporter/ The Central Bank of Nigeria (CBN) on Tuesday raised the Monetary Policy Rate (MPR), which measures interest rates by 50 basis points, from 26.25% to 26.75% amid soaring…

Read More CBN raises interest rate to 26.75%
Business Economy headline

Kyari challenges Dangote to name NNPC officials who own blending plant in Malta

Iheanyi Ejiofor July 23, 2024 No Comments #Blending plant#Dangote#Malta#NNPCMele Kyari

The Group Chief Executive Officer of NNPCL, Mele Kyari, on Tuesday denied owning a blending plant in Malta, adding that he does not know of any employee of the oil…

Read More Kyari challenges Dangote to name NNPC officials who own blending plant in Malta
Business Economy headline

‘People in NNPC don’t want subsidy scam to end’- Emir Sanusi

Iheanyi Ejiofor July 22, 2024 No Comments #Aliko Dangote#Dangote refinery#Muhammadu Sanusi II#NNPC#Subsidy scam

Our reporter/ The reinstated Emir of Kano, Muhammadu Sanusi II, on Monday said the people in NNPC do not want to end their lucrative subsidy scam, and will not end…

Read More ‘People in NNPC don’t want subsidy scam to end’- Emir Sanusi

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